The Importance of Pre-Qualifying

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It is valuable to consult with your mortgage professional as soon as possible — even before you've begun researching neighborhoods. Why? If you don't know yet how much house you want to qualify for, what can we help you with?

Pre-Qualify

We can help you calculate how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. We will do this by considering your income and debts, your work and residence situations, the funds available for a down payment, required reserves, and other considerations. We ask for a minimum amount of paperwork, with a quick process.

Once you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that states that we are working with you to find the best mortgage loan to meet your financial needs and that we are confident you will qualify for a mortgage up to a certain amount.

Pre-Qual Power

Several beneifits open to you after you find your new house, and have achieved pre-qualification power. First, it lets you know how much you're able to offer. More important to the existing home owner, your pre-qualification is like your having walked into their house with a suitcase full of cash to make the deal! They need not worry that that they have been wasting their time if you can't have the ability to qualify for a high enough mortgage loan. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to fret over. They have a virtual guarantee to trust your ability to back up your offer.

We will help you with your pre-qualification

We can help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. We can achieve this by analyzing your income and debts, your work and housing situations, the available funds for down payment, required reserves, and some other things. It's quick and basic; and we take pride in keeping the paperwork to a minimum.

One on one

It's important to sit down and talk with us, even though you are free to also utilize the helpful mortgage calculator tools on our website. That way, we will help you get your pre-qualification letter. Next, we can review your loan options to make sure you are in the best one. Let us get you started: Contact us at 9094671090.

Have questions about pre-qualifying? Call us at 9094671090. Greystone Loans, Inc. answers pre-qualifying questions every day.